I Care Corporation

Analysis

I Care Corporation is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, I Care Corporation reported income of $334k and spending of $367k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $269k to $334k (+24%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 79% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, I Care Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Forest Education and Conservation Foundation ($334k), Middlebury Land Trust Inc ($334k) and Fair Hill Environmental Foundation Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $169k. At year end it held assets of $216k against liabilities of $5,740, net assets of $210k. It reported 2 employees.